10 Things You Need To Consider Before Buying A Car
Buying a new car can be intimidating especially if you don’t even know where to begin. To be sure you are making a wise investment, follow these 10 tips as you work your way through the purchase process without any hustle.
1.Do your research
2. New or Used?
Decide whether you want to buy a new or used car. If you are open to buying either a new or used car, be sure you understand the pros and cons of each. Buying a new car means you’ll get fewer features for the money, but you’ll get the advantage of the full new car warranty and possibly some free maintenance if you buy a car from certain automakers.
3. Know how much can you afford
When shopping for a new car, make sure you determine how much you can spend on it. Don’t forget to factor in the cost of car insurance in addition to your monthly car payment.
4. Arrange financing in advance
Before jumping into the driver’s seat for a test-drive, decide on the type of financing you’d like to use (loan, lease or cash). If you’ll be going for a loan or lease, arrange for financing ahead of time. Compare rates offered by your own bank or credit union as well as other local banks to secure the most favorable terms.
5. Buy or Lease
6. Don’t wait until you are desperate
Car dealers can smell desperation and will use it to their advantage to get you locked into a deal that may be all wrong for you, knowing your options are limited. If you think you’re going to be in the market for a new car soon, start shopping around now
7. Don’t rush
Take your time when shopping for a new car. Cars are commodities, and there will always be another one coming down the road. This much is certain. So don’t rush into the purchasing decision. Take you time!
8. Go for a test drive
Take more than one test-drive if needed. Since you are spending a lot of your hard-earned cash and you’ll be spending a lot of time behind the wheel, take extra time during the test drive. Make sure that you are completely comfortable in the car and can adjust the seat and mirrors so you have good visibility.
9. Inspect your new car
Before you take possession of your new car, give it a detailed inspection, both inside and out. Check for any damage or unexpected wear and tear. Address any concerns with the salesperson before handing over a check.
10. Find all possible discounts
Some dealers also will offer incentives on certified pre-owned cars or noncertified used cars. Research all of these incentives online at the manufacturer and dealer websites before you visit the lot so you know what you qualify for to save the most money.
